Examples of Newco in a sentence
All of the Affected Creditors shall be deemed to assign, transfer and convey to Newco all of their Affected Creditor Claims, and from and after the occurrence of this step, Newco shall be the legal and beneficial owner of all Affected Creditor Claims.
Notwithstanding anything to the contrary herein, Newco II shall be liable to the applicable Subsidiaries and Greenheart for such Subsidiary Intercompany Claims and SFC shall be released from such Subsidiary Intercompany Claims from and after the Plan Implementation Date, and the applicable Subsidiaries and Greenheart shall be liable to Newco II for such SFC Intercompany Claims from and after the Plan Implementation Date.
Upon determining that the cash remaining in the Monitor’s Post-Implementation Reserve is no longer required for the administration of the Company’s estate, the Plan provides that the Monitor is to transfer any such remaining funds to Newco.
Subject to the effect of escheat, Tax or other applicable Laws, the holder of the Rigel Securities representing an entitlement to whole Newco Securities issued in exchange therefor will be promptly paid, without interest (subject to any applicable withholding Tax), the amount of dividends or other distributions with a record date after the Merger Effective Time and theretofore paid with respect to such whole Newco Security.
To date, there have been no net cash distributions from the Litigation Trust to holders.47869718\33 The Newco Shares and Newco Notes to which Noteholders were entitled under the plan were distributed to the Trustees under the relevant note indentures for further distribution.